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Neteller Canadian Exchange
Maybe I'm missing something about the way money and exchange rates work, but this seemed strange to me...
A withdrawl to Cdn$ on Neteller right now has an exchange rate of 1.207 Cdn for each american dollar. But... A Deposit has an exchange of 0.7974 American for each Cdn$. This would mean that if I withdrew $100 US, I'd get about $120 Cdn, but that if I deposited this same money back on to neteller, I'd only get about $96 US. Shouldn't the exchange be the same either way? I could understand some sort of fee established for these transactions, but this seems to be a hidden cost. Regards Brad S |
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